Truist analyst Terry Tillman lowered the firm's price target on Paylocity to $165 from $180 and keeps a Buy rating on the shares. The company is expected to sustain double-digit recurring revenue growth over the long term, with near-term estimates adjusted closer to consensus ahead of FY27, while continued strong execution could still drive beat-and-raise dynamics and upward revisions through the year, the analyst tells investors in a research note.
